Robert W Woodruff Health Sciences Center Fund Inc

Robert W Woodruff Health Sciences Center Fund Inc Overview

Robert W Woodruff Health Sciences Center Fund Inc is located in Atlanta, GA. The organization was established in 1996. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 08/2020, Robert W Woodruff Health Sciences Center Fund Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 08/2020, Robert W Woodruff Health Sciences Center Fund Inc generated $98.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $120.6m during the year ending 08/2020. While expenses have increased by 32.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO MAKE GRANTS AND CARRY ON OTHER ACTIVITIES TO SUPPORT AND BENEFIT THE ROBERT W. WOODRUFF HEALTH SCIENCES CENTER, A DIVISION OF EMORY UNIVERSITY WHICH INCLUDES ITS SCHOOLS OF MEDICINE, NURSING, AND PUBLIC HEALTH AND ITS MEDICAL RESEARCH LABORATORIES AND HOSPITALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MORE THAN HALF OF THE ANNUAL FUNDING DISTRIBUTED BY THE WOODRUFF FUND WAS DESIGNATED TO SUPPORT THE PROGRAMS AND FACILITIES OF THE WINSHIP CANCER INSTITUTE AT EMORY UNIVERSITY. WINSHIP IS GEORGIA'S ONLY NCI-DESIGNATED COMPREHENSIVE CANCER CENTER. WOODRUFF FUND GRANTS WERE USED TO RECRUIT AND RETAIN FACULTY FOR DUAL APPOINTMENTS AT EMORY'S MEDICAL SCHOOL AND THE WINSHIP CANCER INSTITUTE AND TO FUND SIGNIFICANT FACULTY RESEARCH PROJECTS IN CANCER PREVENTION, DETECTION AND TREATMENT. MORE THAN ONE-FOURTH OF THE FUNDS DEDICATED TO SUPPORT PROGRAMS ARE USED TO SUPPORT WINSHIP'S CLINICAL TRIALS PROGRAM. OTHER SIGNIFICANT ALLOCATIONS OF PROGRAM FUNDS WERE MADE FOR INFORMATION TECHNOLOGY AND DATA MANAGEMENT, SUPPORT OF WINSHIP'S BIOSTATISTICS AND BIOINFORMATICS PROGRAMS, AND FOR SUPPORTING WINSHIP'S NCI CANCER CENTER SUPPORT GRANT. ALMOST HALF OF THE DISTRIBUTIONS TO WINSHIP ARE ALLOCATED TO PAY FOR FACILITIES.


WOODRUFF FUND GRANTS SUPPORTED STRATEGIC ACADEMIC AND RESEARCH INITIATIVES IN THE MEDICAL INSTITUTIONS THAT MAKE UP EMORY'S WOODRUFF HEALTH SCIENCES CENTER. SIGNIFICANT SUPPORT DURING THIS FISCAL YEAR WAS DIRECTED TOWARD THE EMORY-CHILDREN'S PEDIATRIC INSTITUTE, WHICH EMORY OPERATES JOINTLY WITH CHILDREN'S HEALTHCARE OF ATLANTA, TO EMORY'S SCHOOL OF MEDICINE AND TO ESTABLISH A NEW DIABETES BASIC SCIENCE RESEARCH CENTER AND SUPPORT NEW PROGRAMS IN DATA SCIENCE, GLOBAL HEALTH, AND PROGRAMS OF A BASIC SCIENCE TASK FORCE. A SIGNIFICANT PORTION OF THE WOODRUFF FUND'S SUPPORT WAS ALSO USED TO SUSTAIN A "SYNERGY AWARDS" PROGRAM DESIGNED TO ENCOURAGE COLLABORATIVE INVESTIGATIONS ACROSS THE HEALTH SCIENCES CENTER'S INSTITUTIONS. ADDITIONAL SUPPORT WAS PROVIDED FOR THE DEPARTMENT OF BIOSTATISTICS/BIOINFORMATICS AT EMORY'S ROLLINS SCHOOL OF PUBLIC HEALTH; THE YERKES PRIMATE RESEARCH CENTER; THE GEORGIA CLINICAL AND TRANSLATIONAL SCIENCES ALLIANCE; AND THE CENTER FOR REGENERATIVE MEDICINE, OPERATED JOINTLY WITH GEORGIA TECH AND THE UNIVERSITY OF GEORGIA. A SIGNIFICANT PORTION OF THE DISTRIBUTIONS TO EMORY'S WOODRUFF HEALTH SCIENCES CENTER ARE USED TO PAY FOR FACILITIES, INCLUDING EMORY'S BIOMEDICAL RESEARCH FACILITIES AND SCHOOL OF MEDICINE BUILDING.


THE WOODRUFF FUND MAINTAINS SEPARATE INVESTMENT ACCOUNTS INTENDED TO SUPPORT DEVELOPMENT OF TWO MAJOR CAPITAL PROJECTS IN THE WOODRUFF HEALTH SCIENCES CENTER. IN THIS FISCAL YEAR, THE FUND DISBURSED $42,242,840 TO SUPPORT DEVELOPMENT OF THE SECOND HEALTH SCIENCES RESEARCH BUILDING (HSRB II) ON EMORY'S CLIFTON ROAD CAMPUS. HSRB II IS A $288 MILLION RESEARCH FACILITY WITH AN EXPECTED COMPLETION DATE IN 2022. SEPARATELY, THE WOODRUFF FUND DISBURSED $42,534,599 TOWARD THE SECOND PROJECT, A CANCER HOSPITAL ADJACENT TO EMORY HOSPITAL MIDTOWN. COMPLETION OF THAT PROJECT IS EXPECTED IN 2023.


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Robert W Woodruff Health Sciences Center Fund Inc Board, Officers & Key Employees

Robert W Woodruff Health Sciences Center Fund Inc Vendors

Vendor Name (Service)Compensation
Suntrust Bank
Investment Advisor
$377,218
T Rowe Price Associates
Investment Manager
$201,155
Gannett Welsh & Kotler Llc
Investment Manager
$156,651
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$35,000,037
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $35,000,037
Total Revenue from Contributions, Gifts, Grants & Similar$35,000,037
Total Program Service Revenue$0
Investment income $42,575,820
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $20,955,358
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $98,531,215

Robert W Woodruff Health Sciences Center Fund Inc Grants Recieved

Over the last fiscal year, we have identified 3 grants that Robert W Woodruff Health Sciences Center Fund Inc has recieved totaling $125,000,047.

Awarding OrganizationAmount
Robert W Woodruff Foundation Inc

Atlanta, GA

PURPOSE: SUPPORT FOR EMORY + CHILDREN'S PEDIATRIC INSTITUTE RESEARCH PLAN.

$55,000,000
Robert W Woodruff Foundation Inc

Atlanta, GA

PURPOSE: DEVELOPMENT OF EMORY UNIVERSITY'S WINSHIP TOWER MIDTOWN AND HEALTH SCIENCES RESEARCH BUILDING II.

$35,000,037
Robert W Woodruff Foundation Inc

Atlanta, GA

PURPOSE: SUPPORT FOR EMORY + CHILDREN'S PEDIATRIC INSTITUTE RESEARCH PLAN.

$35,000,010
View Grant Recipient Profile

Robert W Woodruff Health Sciences Center Fund Inc Peer Organizations

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